You might think that negotiations with banks to get them to give discounts on their property are practically impossible! It is possible and real estate investment deals go through with the bank every day. Here's why.
Why You Can Get Discounts on Default Properties
Banks are rated in their ability to work out an agreement with the homeowner in default. That means they are rated for how much cash they hold in reserve to cover any mortgage should not default and how well they work with homeowners to keep the property out of foreclosure. You can browse https://quickcashforphillyhomes.com to know more about the real estate investors.
They are required by law to cover that mortgage in case it went sour. …